Have bears gained an upper hand or is it a bull and bear tussle and to know this we need to see today Indian market state and one may arrive at a conclusion as today trading session ended flat around the unchanged line, despite positive cues from US futures market and European markets as traders turned cautious ahead of key economic data in the US related to housing sector. Thus a tussle is going on between bulls n bears and it needs to be seen who wins by following the support and resistances. The 30-share BSE Sensex closed at 18,048.85, down 1.93 points, or 0.01%, and the 50-share NSE slipped 4.15 points to 5,414.15. Shares related to technology, power and metals witnessed sell-off, while selective buying in cement stocks, banks such as ICICI Bank and HDFC bank limited the losses.
Remember that hot stock tips rocks which are given to people with a lot of deliberation as it is a real panacea to make money from BSE and NSE. BSE advance-decline ratio stood at 1:1.04.
Above we have shown you the global heat map which shows all the major indices which are traded in the world and this gives a correct perspective of the country and their index. As we can see majority of indexes worldwide are in positive territory and thus we can say all is well and good times will prevail in market provided Nifty 5449-5339 levels are held else it finds support at 5100. However keep in mind that market is technically weak and thus it needs to be seen if Nifty 5349 level is held or not as it will be the first signal which will show that market is weakening. By clicking on this image one will be directed to heat map of Indian stock market and for that link is given on the top portion of web page. Hope you all will benefit from it. We have even added a feature by which one can read share market tips in Hindi and one has to just click on the button which reads in Hindi “ Hindi Mein Pado”. Hope it will serve a long outstanding demand of Hindi readers as it is our mother tongue.
Analysis of derivative segment data suggests that Around 4.40 lakh shares were added in open interest with an increase in the cost of carry indicating long accumulation at lower levels. On the option front, implied volatility has decreased marginally indicating positive bias for the market.
Support and Resistances for the Day
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Click Here to Subscribe for Daily NSE Future and Option Tips Strong future shares at National stock exchange
UCO Bank, Tata Comm, Vijaya Bank, Syndicate Bank, Orient Bank, Cummins India, Tata Motors, Tata Chem, Allahabad Bank & IOB.
Weak future stocks at Bombay Stock Exchange
RNRL, Sesa Goa, Suzlon, Punj Lloyd, Rel Infra, RCOM, Aban Off shore, Educomp, ICSA & Cipla.
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